FXCC, a well-established brokerage since 2010, offers cost-effective online trading. Registered in Nevis and regulated by CySEC, it is distinguished by its ECN conditions and absence of a minimum deposit requirement. The account opening process is efficient, taking under five minutes.
FXTM, founded in 2011, is a forex and CFD broker operating worldwide. Regulated by top authorities such as the FCA, it provides a secure trading environment. With over 1,000 markets and three account types, FXTM accommodates traders of all experience levels.
Pros
FXCC has introduced MT5, which in our evaluations, mirrored the trading conditions of MT4 by offering swift execution, improved charting, and market depth tools.
FXCC offers competitive and transparent ECN spreads starting from 0.0 pips, with no commissions. This makes it one of the most cost-effective forex brokers available.
The complimentary education section, featuring the 'Traders Corner' blog, provides a wide array of resources suitable for traders of all experience levels.
There are no deposit fees other than standard cryptocurrency mining charges, which benefits active traders.
FXCC is a trusted and licensed broker under the regulation of CySEC, a leading European authority ensuring excellent safeguarding standards.
There are no limitations on short-term trading techniques such as trading and scalping.
FXTM’s UK division provides exceptional client safeguards, including top-tier coverage of up to $1 million per client and segregated accounts, reinforcing security for traders with substantial balances.
FXTM stands out as a leading MetaTrader brokerage, offering custom MT4 tools like a Pivot Point Indicator, Pip Value Calculator, and Spread Indicator for more accurate trading.
FXTM offers an impressive selection of payment options, with a focus on local solutions in Africa and Asia such as M-Pesa and TC Pay Wallet. E-wallet withdrawals are processed rapidly, often within 30 minutes, accommodating traders needing swift fund access.
FXTM’s Advantage and Advantage Plus accounts provide tight spreads starting at 0.0 pips and charge low or zero commissions, tailored for traders aiming to reduce expenses.
Cons
FXCC's exclusive MetaTrader platform is a limitation, especially when compared to more versatile options like AvaTrade, which offers five different platforms to cater to various trader needs.
While the MetaTrader suite excels in technical analysis, its outdated design detracts from the overall trading experience, particularly when contrasted with contemporary platforms such as TradingView.
The range of research tools, such as Trading Central and Autochartist, is quite limited. Leading platforms in this category, like IG, offer more advanced features.
The variety of currency pairs surpasses most options, but the choice of other assets is limited. Notably, stocks are absent.
Unaware traders might face steep withdrawal fees, such as a notable $45 for bank transfers.
FXTM is well-regulated in the UK, but this coverage isn't global. Therefore, although negative balance protection is available, traders outside the UK might face limited options for resolving disputes.
FXTM's educational resources, including its insightful e-books, have significantly improved. However, these materials are predominantly aimed at novices, which may not attract seasoned traders.
FXTM provides only MetaTrader 4/5 for desktop trading, lacking a bespoke platform such as eToro's for a tailored experience. MetaTrader 4/5 is becoming outdated for active traders.
FXTM specialises in CFDs and a select range of stocks but does not offer ETFs, options, or futures. This may restrict diversification for traders aiming to explore various market opportunities.
FXTM imposes a $10 inactivity fee following just three months without trading. This is shorter than the period many brokers offer and might frustrate those who do not trade regularly.
FXTM Invest, a user-friendly copy trading app, offered comprehensive performance statistics and risk assessments for Strategy Managers. However, it was discontinued in 2024, restricting passive traders' options.
Awards
Best STP Broker 2019 - World Finance Magazine Awards
Best Trading Account (XL Account) 2019 - World Finance Magazine Awards
Best Trading Account (XL Account) Europe 2018 - Global Banking & Finance Awards
Best STP Broker Europe 2018 - Global Banking & Finance Awards
Best Trading Account (XL Account) 2018 - JFEX Awards
Best MT4 Broker 2018 - JFEX Awards
Best Islamic Forex Broker (XL Account) 2018 - MENA Forex Show Awards
Best STP/ECN Forex Broker 2018 - MENA Forex Show Awards
Best Forex Trading Account 2017 - UK Forex Awards
Best Trading Experience 2021 - World Finance Awards
Best Online Leveraged Trading Services 2021 - Global Business Awards
Best Forex Education Partner Nigeria 2021 - World Business Outlook
Best Trading Experience 2020 - World Finance Awards
FXCC enhances mobile trading via the MT4 app on iPhone, iPad, and Android, ideal for traders. The app boasts dependable, advanced charting with 30 indicators, 9 timeframes, and 3 chart types. With an FXCC account, traders can effortlessly start trading on the MT4 app in only three steps. Enjoy the convenience of trading over 70 currency pairs and other top markets anytime, anywhere.
FXTM offers an excellent mobile trading experience. It's swift, secure, and user-friendly, supporting MetaTrader 4 and 5. Enjoy real-time quotes, all execution types, and complete account management. The app's charting features are top-tier. Download now.
iOS App Rating
4.8
4.8
Android App Rating
4.4
4.4
Margin Trading
Yes
Yes
MetaTrader 4
Yes
Yes
MetaTrader 5
Yes
Yes
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
Yes
Yes
ECN Account
Yes
Yes
DMA Account
No
No
MAM Account
Yes
Yes
PAMM Account
Yes
Yes
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
Yes
Yes
Market Maker
No
Yes
P2P Trading
No
No
Spot Trading
Yes
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Expert Advisors (EAs) on MetaTrader
Copy Trading
No
No
Social Trading
No
No
Trade Signals
Yes
Yes
VPS Hosting
Yes
Yes
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$5
$10
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
USD
EUR
GBP
NGN
Commodities
Gold
Silver
Precious Metals
Platinum
Palladium
Oil
Gold
Silver
Natural Gas
Oil
Precious Metals
CFD
FXCC provides a modest selection of CFDs beside forex, including metals, energies, indices, and cryptos. Nevertheless, it distinguishes itself by offering high leverage of up to 1:500. This feature appeals to seasoned traders wishing to enhance their purchasing power while betting on market fluctuations.
FXTM provides CFDs in over 600 instruments, including forex, stocks, commodities, indices, and location-dependent crypto, with recently reduced spreads. Experienced traders can access industry-leading leverage of up to 1:3000 via Exinity Ltd, enhancing potential returns but requiring careful risk management.
Leverage
1:500
1:30
FTSE Spread
Variable
0.8
GBPUSD Spread<
1.0
0.1
Oil Spread
0.03
5.0
Stocks Spread
NA
0.1
Forex
FXCC champions its competitive forex trading environment. ECN spreads can drop to an impressive 0.0 pips during busy trading periods. Offering more variety than many competitors, it supports over 70 currency pairs. Furthermore, traders benefit from MT4, renowned for its exceptional charting capabilities, specifically designed for forex trading.
FXTM excels with a robust offering of more than 60 currency pairs, outperforming rivals such as AvaTrade. Its six currency indices provide traders with excellent options for forex diversification. Additionally, the ECN account delivers ultra-competitive spreads from 0 pips on major currencies and features attractively low commission rates of only $3.50 per lot.
Assets
70+
60+
GBPUSD Spread
1.0
0.1
EURUSD Spread
0.2
0.0
EURGBP Spread
0.5
0.0
Currency Indices
USD
EUR
GBP
JPY
AUD
NZD
Cryptocurrency
FXCC provides access to eight popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Traders can utilise high leverage, up to 1:10 for Bitcoin and 1:5 for other cryptocurrencies. All trading strategies are allowed, with the use of Expert Advisors (EAs) permitted.
Trade cryptocurrency CFDs on 11 popular digital tokens like Bitcoin, Avalanche, and Dogecoin. Benefit from competitive floating spreads and low minimum lot sizes starting at 0.01, ideal for both new traders and seasoned investors.
